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Analyst picks 2 stocks to buy, 1 to sell as Nifty enters correction zone
Jatin Gedia of Teji Mandi reckons that the Nifty, Bank Nifty have slipped back into the correction zone; he recommends buy on Oil India and Exide Industries.
From Gift Nifty, US-Iran war, oil prices to bond yields: 10 key things that changed for Indian stock market overnight - livemint.com
From Gift Nifty, US-Iran war, oil prices to bond yields: 10 key things that changed for Indian stock market overnightlivemint.com
Petrol, Diesel Prices On July 9: Check Updated Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And More
Oil prices extended their sharp rally on Thursday after the US struck targets in Iran for a second straight day, reviving fears of disruption to energy supplies from the Middle East.
Oil prices extend gains post fresh US strikes against Iran
Brent was up 1.4% above $79 a barrel after jumping over 5% the previous day. Meanwhile, West Texas Intermediate was close to $74 a barrel.
D-St set for a positive opening as GIFT Nifty signals firm start
Indian markets experienced widespread selling on Wednesday, with the Nifty declining significantly. Global risk sentiment deteriorated following US President Donald Trump's comments on Iran. Asian markets also traded lower, reflecting the weak global backdrop. The Indian Rupee tanked against the US dollar as oil prices rose. Foreign and domestic investors showed net buying activity in equities.
Oil Prices On July 9: Brent Crude Nears $80 As US Strikes Iran Again; Hormuz Risks Return
Brent crude rose as much as 1.4% to above $79 a barrel after surging more than 5% in the previous session. West Texas Intermediate traded near $74, taking oil's gains over the past two sessions to more than 6%.
Rupee, stocks reel as Trump signals end of Iran truce
Indian stocks and the rupee experienced a significant decline on Wednesday. This market downturn followed fresh US strikes on Iran and rising oil prices. The country's volatility index surged, reflecting increased trader risk perception. Bond yields climbed the most in over three months, while the rupee ended as the continent's worst performer. Analysts suggest market reactions to geopolitical events are often short-lived.
Market Pulse: Key triggers to watch before the July 9 trading session
With US President Donald Trump declaring the ceasefire with Iran over, fears of renewed conflict have pushed oil prices sharply higher and rattled global markets. A sustained rise in crude prices could weigh on Indian equities, with oil marketing companies, aviation firms and other oil-dependent sectors likely to remain in focus. The sharp sell-off on Wall Street adds to the cautious mood, while investors will also keep a close watch on Tata Consultancy Services' first-quarter earnings which may influence sentiment in the IT sector.
Russia bans diesel exports to ensure domestic supply after targeted Ukrainian drone strikes
Russia has banned diesel exports to support its domestic fuel market. This action follows Ukrainian drone attacks on oil refineries causing shortages. Drivers are experiencing long queues at filling stations across many regions. The export ban will remain in place until the end of July. Russia plans to begin importing fuel during the month of July.
Brent Breaches $80 A Barrel Even As Trump Says Oil Prices 'Will Come Down Very Big'
Brent futures peaked to $80.06 a barrel, up about 8%.
Sensex, Nifty post steepest fall in over three months as oil prices surge
Indian equities posted their biggest decline in over three months as escalating US-Iran tensions lifted crude oil prices, triggering concerns over inflation and economic stability
Bond yields jump, rupee weakens as oil surges after Trump says Iran deal is over
The rise in crude oil prices renewed concerns over inflation and India’s external balances.